Comparison and Contrast of Trade Policies: Australia, China, and USA

Running head: MANAGEMENT
Exporting and Importing
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MANAGEMENT
Table of Contents
Introduction......................................................................................................................................3
Comparison and Contrast................................................................................................................4
Conclusion.......................................................................................................................................6
References........................................................................................................................................7

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Introduction
International Trade can be considered as the exchange of capital, goods along with
different kinds of services across international borders and territories. The following refers to the
export of goods and services by a firm to a foreign based buyer in most of the countries. The
international trade in most of the countries thus represents the Gross Domestic Product of the
country (Albinski 2015). The improvement in industrialization, transportation, globalization and
the establishment of large-scale multinational corporations have had a major impact on the total
international trade system. The international trade thus forms an important part of the economic
and organizational aspect of the business.
As one of the 163 members of the World Trade Organization, Australia benefits from the
status of the Most Favored Nation and non discrimination provisions at the time of engaging in
international trade with the member nations of other WTO countries. Therefore in practice
Australia is treated as the same as that of any other favored country may be treated. According
to, Albinski (2015) apart from this, the island continent has been able to negotiate trade deals
with different other countries and has signed on a number of bilateral, regional as well as
international trade agreements that have been influential in the success of the business
organization accordingly. Some of the common trade agreements signed by the government of
Australia from time and again includes;
 Australia New-Zealand Closer Economic Relations Trade Agreement
 Australia-US Trade Agreement
 Australia-Chile Free Trade Agreement
 Australia-Thailand Free Trade Agreement